Mozambique is celebrating the approval of a $2 billion port expansion backed by Dubai’s DP World and South Africa’s Grindrod group. The deal involved a 25-year extension of the existing …
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AfricaAFRICA NEWSEconomy
$7 Billion for DRC Infrastructure from China Signals a Shift in Concession Practices
by Editorby EditorThe Democratic Republic of the Congo (the “DRC”) is poised for a significant infrastructure boost, securing a $7 billion financing package as part of a renegotiated minerals-for-infrastructure contract with China. …
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AfricaAFRICA NEWSEastern Africa
External shocks dim East Africa economic growth prospects
by Editorby EditorThe International Monetary Fund (IMF) projects that the East African economy will grow at 5.6 percent, but the region’s business lobby says external and domestic shocks could impact the positive …
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AfricaAFRICA NEWSSpotlight
Nigeria’s Dangote refinery set to import US crude oil
by Editorby EditorTraders with insider information revealed that Trafigura Group has sold 2 million barrels of WTI Midland to the Dangote refinery for delivery at the end of February, Bloomberg reported. Traders …
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AfricaAFRICA NEWSEconomy
What we know about the Italian Development Plan for Africa
by Editorby EditorAt a summit on Monday, the Italian government unveiled details of a long-awaited project aimed at boosting development in Africa, hoping it will help spark economic growth that will curb …
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AfricaAFRICA NEWSEconomy
African Leaders Are Preparing For Donald Trump’s Next Act
by Editorby EditorAfrican leaders are bracing themselves for a second Trump term and all that that entails. Trump is unlikely to pull the reigns on African engagement because the region has never …
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AfricaAFRICA NEWSRwandaRwandaRWANDARwanda Daily
BYD enters Rwanda with launch of Atto 3
by Editorby EditorBYD entered into a partnership with Rwandan distributor CFAO Mobility in 2023, and the local launch of the Atto 3 marks its official entry into the East African market. BYD …
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AfricaAFRICA NEWSRwandaRWANDARwanda Daily
Anglican leader calls UK Rwanda migrants plan ‘damaging’
by Editorby EditorArchbishop of Canterbury Justin Welby said the controversial plan of Prime Minister Rishi Sunak’s Conservative government would “outsource our legal and moral responsibilities for refugees and asylum seekers”. He made …
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AfricaAFRICA NEWSRwandaRWANDARwandaRwanda Daily
Fortis Green strikes Rwanda hydropower deal
by Editorby EditorFortis Green Renewables has struck a deal to acquire a significant minority stake in a Rwandan hydropower plant. The US-based renewable energy investment firm purchased a 40% stake in the …
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AfricaAFRICA NEWSKenyaKenya NewsKenyan News
Kindiki Calls For Trans-Boundary Collaboration To Tackle Emerging, Current Security Threats
by Editorby EditorInterior Cabinet Secretary Kithure Kindiki has called for transboundary collaboration within the African region to tackle emerging and transnational organized crime, particularly in the face of escalating security threats. He …